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Goodwill and Other Intangible Assets (Tables)
 3 Months Ended
Mar. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
Goodwill allocated to each reporting unit at March 31, 2021 and December 31, 2020 is presented as follows (the FMS reportable segment includes two reporting units of Consumer Mortgage and Wealth Management):
(in thousands)Community Banking Reporting UnitWholesale Banking Reporting UnitConsumer Mortgage Reporting UnitWealth Management Reporting UnitTotal
Balance as of December 31, 2020$256,323 $171,636 $— $24,431 $452,390 
Goodwill acquired and adjustments during the year— — — — — 
Balance as of March 31, 2021$256,323 $171,636 $— $24,431 $452,390 
Goodwill is not amortized but is evaluated for impairment on an annual basis or whenever an event occurs or circumstances change to indicate that it is more likely than not that an impairment loss has been incurred (i.e., a triggering event). Synovus performs its annual evaluation of goodwill impairment during the fourth quarter of each year. See "Part II - Item 8. Financial Statements and Supplementary Data - Note 7 - Goodwill and Other Intangible Assets" to the consolidated financial statements of Synovus' 2020 Form 10-K for information on Synovus' quantitative assessments of goodwill impairment during 2020.
Schedule of Other Intangible Assets The following table shows the gross carrying amount and accumulated amortization of other intangible assets as of March 31, 2021 and December 31, 2020, which primarily consist of core deposit intangible assets. The CDI is being amortized over its estimated useful life of approximately ten years utilizing an accelerated method. Aggregate other intangible assets amortization expense for the three months ended March 31, 2021 and 2020 was $2.4 million and $2.6 million, respectively.
(in thousands)Gross Carrying AmountAccumulated AmortizationNet Carrying Value
March 31, 2021
CDI$57,400 $(21,916)$35,484 
Other 12,500 (5,251)7,249 
Total other intangible assets$69,900 $(27,167)$42,733 
December 31, 2020
CDI$57,400 $(19,829)$37,571 
Other12,500 (4,959)7,541 
Total other intangible assets$69,900 $(24,788)$45,112